Credit Card Rates and Sreads

First-Quarter Rates Set New Records

First-quarter rates for U.S.-issued major credit cards (Visa, MasterCard, American Express, Discover) increased by 146 basis points (bps) between the first quarter 2018 (1Q/18) and 1Q/19, as the U.S. prime rate increased by 75 bps. The average credit card rate charged by the nation’s Top 100 banks hit 15.09% in 1Q/19, compared to 13.63% for…